Why Gold Could Hit $10,000 Faster Than You Think | Ross Norman

Added: 2026-05-19

[00:00:00]The simple effect of compounding suggests that at the current today's gold price, it would take six and a half years at an average run rate to to achieve 10,000. Question that you need to ask yourself is, will we be above the run rate or below the run rate? Are circumstances, are vulnerabilities out there sufficiently great we could be above the 10%? Certainly we have been over the last three years. Those circumstances that have forced people, central banks in particular, to buy gold have precipitated this rally.

[00:00:28]Theoretically, it should achieve it just by mere mathematics in six years. I suspect it'll be a little bit quicker than that, bearing in mind the primary motivations of the key core drivers, which is central banks looking to acquire gold, looking at the west of the world, looking at Venezuela's gold.

[00:00:45]Venezuela, the UK confiscated, sequested Venezuela's gold. It currently still sits in the Bank of England because we didn't agree with the politics and the ownership of its central banks.

[00:00:55]A lot of central banks around the world went, "Hell, that's a concern. We need to have not only more gold, but we won't hold it in the Bank of England." So, you're also having repatriation going on at the moment.